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Economy & Business

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Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know

The Kuwaiti company is planning to invest more than $1.5 billion in Syria after securing a license to operate there, Bloomberg reported Tuesday.

AHMAD AL-RUBAYE / AFP via Getty Images

Here's what to know about Iraq's corruption as Zaidi launches crackdown

Watchdogs and financial institutions regard Iraq as a significantly corrupt country as the new prime minister works to recover public funds.

AFP via Getty Images

Traffic plummets through Strait of Hormuz after Iran, US trade fire

Shipping through the Strait of Hormuz had recovered somewhat before renewed fighting between Iran and the United States saw traffic drop sharply over the weekend.

A student attends a training seminar at the Tourism Ministry Training center in the city of Riyadh on August 30, 2022.

Interview

Saudi labor localization will take ‘generation or two': Armada CEO

Around 70% of Saudi Arabia's population is 35 years old or younger, according to the kingdom’s General Authority for Statistics, providing ample opportunity for an educated and technology-savvy national workforce in the coming decades.

Olivier Badard

CEO of Armada Holding

Latest News

Analysis

Why the Hormuz oil shock never became an energy catastrophe

A tourist boat passes near crude oil tankers, bulk carriers, and other vessels anchored off Port Sultan Qaboos in Muscat, Oman, June 19, 2026.

Samuel Wendel

By Samuel Wendel

In Washington, DC, reporting on regional business and tech

Explainer

Gulf states push incentives for investors, expats after war dents image

FADEL SENNA/AFP via Getty Images

United Arab Emirates

Explainer

After UAE and Qatar, could Iraq be next to leave OPEC?

A worker at a market for fuel oil and automotive fuel on March 17, 2026, in Erbil, Iraq.

Explainer

Syria’s energy push could soon get a major boost from Chevron: What to know

Amjad Kurdo / Middle East Images / AFP via Getty Images

Samuel Wendel

Senior Market Research Analyst

In Washington, DC, reporting on regional business and tech

Adam Lucente

News and Business Correspondent

In New York City, reporting on regional news, militancy, climate change

Jack Dutton

Chief Business Correspondent

In Bristol, reporting on regional business, climate change, AI, tech

Sabena Siddiqui

In Karachi, reporting on South Asia, Middle East, Iran

Vanessa Ghanem

In Dubai, reporting on business, energy and politics

Francisco Serrano

In Lisbon, reporting on North Africa business

Mobileye Global, Inc. founder and CEO Amnon Shashua and Intel CEO Pat Gelsinger clap.

Israeli autonomous driving firm goes public

Mobileye’s stock rose on its first day trading on Nasdaq.

Egyptian farmers harvest wheat in Bamha village near al-Ayyat town, Giza province, Egypt, May 17, 2022.

Egypt seeks new agriculture, food security cooperation with Africa

The Russian war on Ukraine opened a new door for cooperation between Egypt and African countries, especially in the field of agriculture and food security.

Saudi Arabia's Minister of Energy Abdulaziz bin Salman.

Saudi Arabia criticizes Biden over oil reserve release

The US president recently announced that he would sell some emergency oil reserves in response to the Saudi-backed oil supply cut.

Vehicles queue to refuel at a petrol station in Dubai on June 30, 2022. (Photo by Giuseppe CACACE / AFP) (Photo by GIUSEPPE CACACE/AFP via Getty Images)

Inflation in the GCC not going away soon

Robert Mogielnicki

Robert Mogielnicki

Egyptian Minister of Petroleum Tarek el-Molla (C) speaks during the opening session of the 24th ministerial meeting of the Gas Exporting Countries Forum, Cairo, Egypt, Oct. 25, 2022.

Gas forum kicks off in Cairo

Qatar and Russia may be looking to cooperate more on energy matters.

MIKE NELSON/AFP via Getty Images

Saudi sovereign wealth fund to create decarbonization company

Saudi entities have also announced green hydrogen projects in recent weeks.

An Egyptian woman walks past an exchange store in Cairo on Jan. 6, 2013.

Egyptian Central Bank plans to establish new index of gold, foreign currencies

The Egyptian pound is performing poorly against the US dollar but faring better compared to other currencies.

This aerial photograph shows high-rise buildings in the Libyan capital, Tripoli, on Sept. 16, 2022.

How startups are contributing to Libya’s economic recovery

Digital business in the war-torn country is slowly starting to take seed.

Egypt cotton

Egypt seeks to produce cotton that resists drought better

Ahead of the COP27, Egypt and Uzbekistan hope to cooperate in producing cotton varieties resistant to unfavorable climate conditions.

Iraq slum

How can Iraq help 3.5 million citizens living in urban slums?

The government and parliament in Iraq are working to address the slum housing crisis, facing obstacles and wide social and political opposition.

AMER HILABI/AFP via Getty Images

Saudi, Chinese energy leaders pledge further cooperation

While the United States is upset at Saudi Arabia over its decision to decrease oil production, the kingdom’s energy ties with China are improving.

A picture taken on March 12, 2019, at the Palais des Festivals in Cannes shows a scale model of the city of Dubai.

Russian, British citizens top buyers of nonresidential property in Dubai

The war in Ukraine is driving more Russians to buy property in Dubai’s flourishing real estate market.

United Arab Emirates